Half Yearly Report

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 5538S Globalworth Real Estate Inv Ltd 25 September 2014  \n \n\n\nClick on, or paste the following link into your web browser, to view the associated PDF document.\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/5538S_-2014-9-24.pdf\n \n \n \n25 September 2014\nGlobalworth Real Estate Investments Limited \nInterim Report and Unaudited Condensed Consolidated Financial Statements for the six month period ended 30 June 2014\nH1 2014 period-end EPRA Net Asset Value\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to release the following:\n·     Interim Report and Unaudited Condensed Consolidated Financial Statements for the six month period ended 30 June 2014; and\n·     H1 2014 period-end EPRA Net Asset Value.\nThe EPRA Net Asset Value as of 30 June 2014 is presented in accordance with the stated intention of the Company to publish its estimated NAV on a quarterly basis. \nHighlights\n•              Completed first phase of investment program as set out in Company's admission document, together with a number of pipeline projects identified at time of secondary fundraising\n•              Completed €144 million secondary equity fundraising, including a €65 million convertible loan facility \n•              Portfolio Open Market Value of € 521.3 million\n•              EPRA NAV per share of €7.70\n•              Net Operating Income of €3.9 million\n•              Earnings before tax of €76.7 million \nIoannis Papalekas, Chief Executive Officer of the Company, commented: \"We are pleased to be able to report on the considerable progress that we have made to date in building out our portfolio of high quality assets in Romania. We welcome our new key shareholders and look forward to driving our strategy forward into 2015.\"  \nOperational update\n•              ...

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